USD/CHF INTRADAY CHART
BIAS: While 0.9362-77 supports, we should see gains resume
MAIN ANALYSIS: Strength has been seen to 0.9503 and has corrected lower. The reaction on open was limited, and therefore, we still need to allow for a correction down to the 0.9362-77 area (max.). Thus, watch for bullish reversal indications for gains to resume back above 0.9450 and to 0.9502 and 0.9542 en route 0.958-0.9612. This will require a modestly deep correction - around 130 points - before gains can resume.
COUNTER ANALYSIS: Only above 0.9615 would see gains to 0.9640-46 before the (approx) 130 point correction.
Only directly below 0.9350-60 would surprise and risk losses down towards 0.9285 that could trigger a reaction. Below is the 0.9225-42 lows.
MEDIUM TERM ANALYSIS:
29th June: This morning's rally should now maintain a bullish outlook that should move above 0.9542 and towards 0.9861.